The price rise is part of the government’s efforts to expand the tax base and raise public revenues amid ongoing financial pressures
Retail
beverages business
The matcha crisis: Japan’s green gold in global shortage as demand skyrockets
From Japan to Dubai and Riyadh, the world’s most coveted green tea powder faces unprecedented supply constraints as demand begins to outweigh production capacity
Emarat
UAE announces petrol prices for July 2025
UAE fuel prices have increased compared to the rates in June
Abu Dhabi
UAE petrol prices to change; Dubai real estate hotspots; Millionaire investment tips; Leave guide and 2026 holiday dates – 10 things you missed this week
From UAE petrol prices and Saudi credit card reforms to real estate trends, remote work policies, and Ramadan 2026 dates — here are the top developments shaping life, business, and investment in the Gulf this week
Abu Dhabi
UAE petrol prices to change for July 2025
UAE petrol prices have remained virtually unchanged for past three months
Dubai Shopping Malls
UAE retail industry to grow 5.4 per cent annually as malls evolve into lifestyle and tech hubs
UAE retail set for 5.4 per cent annual growth through 2028, driven by demand for immersive, tech-enabled mall experiences
GCC
Middle East customers concerned about inflated grocery prices: Report
Half of Middle East consumers surveyed believe newly introduced global tariffs are the leading driver of grocery inflation
Abu Dhabi
IKEA UAE announces massive 50% off discount on storage solutions
IKEA UAE storage sale will include wardrobes, drawers and shoe cabinets
automotive brands
Renault boss Luca de Meo chosen by Kering to turn around their fortunes
The French luxury group that owns brands such as Gucci, Saint Lauren and Balenciaga, makes an out-of-the-box appointment to revive its flagging sales
Almarai
Almarai to acquire Pure Beverages Industry for $280mn
Acquisition aligns with growth strategy to expand beverage portfolio and enhance consumer offerings, says Almarai
Bain & Company
6 trends reshaping the future of retail: Robot shopkeepers, AI assistants, private labels and more
From robot shopkeepers to AI shopping assistants and private-label takeovers, Bain & Company outlines six powerful trends set to reshape global retail over the next decade
Auction
UAE to host largest ever live car auction with 400 vehicles going under the hammer
Marhaba Auctions will hold the UAE’s largest-ever live car auction in Sharjah, featuring 400 cars, no reserve prices and major prizes for buyers
Abu Dhabi
UAE leading pet retailer The Petshop launches 1-hour delivery service in Dubai, Abu Dhabi
The Petshop positions itself as the region’s only omnichannel pet care brand, providing retail, B2B, online, and service-based solutions under one roof
ecommerce
UAE shoppers want 1-click, biometric checkouts for safer online payments: Visa
Visa unveils UAE Checkout Friction Report highlighting consumer demand for safe and fast ecommerce experiences
acquisition
Huda Kattan reclaims full ownership of Huda Beauty, ending TSG Consumer partnership
The move concludes an eight-year partnership with private equity firm TSG Consumer Partners, which had acquired a minority stake in 2017
airport retailer
Dubai Duty Free records outstanding sales of $198.5mn in May
May 2025 is the second-highest sales month ever for a non-December period in Dubai Duty Free
Abu Dhabi
UAE freezes petrol prices for June 2025
UAE petrol prices remain unchanged after Fuel Price Committee reveals June fill-up costs